Updated Oct 28, 2024
Opal Holdings Acquires Office Building In Orange County For $150.5M
333 City Blvd W, Orange, CA, USA
$150,500,000
$345/SF
Building Size
435,177 SF
Asset Type
Office
Closing
Jul 30, 2020
About this deal
AI
An office property located at 333 City Blvd. W. in Orange County was recently sold for a price of $150,500,000. The property spans a total of 435,177 square feet, resulting in a price per square foot of $345. The transaction took place on July 30, 2021, and involved Opal Holdings as the buyer and Pacific Oak Capital Advisors as the seller. The deal was facilitated by brokers Kevin Shannon, Paul Jones, Brunson Howard, Ken White, and Brandon White from Newmark.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $150,500,000
- Address: 333 City Blvd. W.
- Market: Orange County
- Buyer: Opal Holdings
- Seller: Pacific Oak Capital Advisors
- Brokers: Kevin Shannon, Paul Jones, Brunson Howard, Ken White, and Brandon White - Newmark
- Square Footage: 435,177
- Price per Square Foot: $345
The sale transaction of this office property involved Opal Holdings as the buyer and Pacific Oak Capital Advisors as the seller. The deal was successfully facilitated by brokers Kevin Shannon, Paul Jones, Brunson Howard, Ken White, and Brandon White, all representing Newmark.
On the Map
$150,500,000
$345/SF
Office
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Players
Orange Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93